Currently, BTC's upward momentum has gradually dried up. Chasing long positions at high levels increases risk. This slow upward trend hasn't been driven by large-scale entry of major funds, lacking solid support. If the big players want to push prices up at a low cost, they often create a deep drop first—breaking key lows to liquidate retail long positions. So, a significant mid-term drop is highly likely. The first target for the drop is around 70,000. This is the starting point of the current rally and a key short-term support level. Once this level is reached, a temporary rebound might occur. The second target is the previous low of 60,000. Based on cyclical patterns, this level is very likely to be broken. At that point, a large-scale liquidation of long positions will be completed, forming a "golden pit" and setting the stage for the next market move.